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- EUR/USD rose above MA (200) H1
EUR/USD rose above MA (200) H1
Today, the EUR/USD pair is trading with an increase from $1.1285 to $1.1375 and on the hourly chart has risen above the MA (200) H1 moving average line ($1.1270). On the four-hour chart, the pair remains below MA (200) H4 ($1.1485). Technically speaking, a strong resistance level of $1.1375-85 may keep prices from rising further. If it breaks through, EUR/USD may soar to $1.1465-90. The lower bound of $1.1260-70 represents the support level. The most probable range of the pair's movement for today may be hidden within the existing range of $1.1260-$1.1385.
⦁ Resistance levels are: $1.1375-85, $1.1465-90, $1.1610
⦁ Support levels are: $1.1260-70, $1.1170-85, $1.1110
The main scenario for promoting the pair — correction and there may be a decrease to $1.1260-70 (November 29 low, MA (200) H1)
An alternative scenario — if the resistance of $1.1375-85 (November 16 and 18-19 highs) is broken, then the pair may rise to $1.1465-90 (November 11-15 high)
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